National Culture Fund (NCF) was established in 1996 as a trust under Ministry of Culture. NCF’s primary mandate is to establish & nurture Public Private Partnerships in the field of heritage and mobilize resources for the restoration, conservation, protection and development of India’s rich, natural, tangible and intangible heritage.
A large number of projects, both in the form of tangible projects like restoration, conservation of old ASI monuments, provision of Tourist Amenities at the historical sites; and intangible projects like capacity building of artisans, training programmes, books publications, cultural events, etc. have been undertaken through the National Culture Fund (NCF) of Ministry of Culture.
The contributions to NCF are made by the corporate houses to undertake development of Tangible & Intangible heritage on a project mode basis.
NCF already has such partnerships with some Corporates like NTPC, ONGC, SAIL, HUDCO, REC, Apeejay Group etc. who have provided funds for such heritage projects.
The donations/contributions to NCF are eligible for 100% tax deduction under Section 80G(2)(iii hh) of the Income Tax Act, 1961 subject to the limits and conditions prescribed in the said Section and relevant Rules.